• The Government has constituted the 15th Finance Commission with former Bureaucrat NK Singh as its chairperson.
• The other members on the board are Shaktikant Das, Anoop Singh, Dr Ramesh Chand and Dr Ashok Lahiri.

The Commission has been given additional task of examining the implications of GST and impact of GST on state’s finances as well as a mechanism to compensate any loss to the states over next 5 years.